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3 years ago

Economics ch 7 What are the 2 barriers to entry in a market

1 answer:

8 0

Two barriers to market entry may include special tax benefits to existing firms and building of a strong brand identity.

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We observe that total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units. Which of the follow

iren2701 [21]

Answer:

c. Fixed Cost = $300

Explanation:

Because marginal cost is constant we can find the variable cost per unit and then subtract the total variable cost from the total cost in order to find the fixed cost. The firms total cost increase $300 (from 1500 to 1800) when output increases by 10 units (from 40 to 50), so the variable cost per unit is 300/10=30.

Now to calculate the total variable cost we will multiply variable cost per unit by the number of units.

50*30= 1500

Now we will subtract 1500 from 1800 in order to find the fixed cost.

1800-1500=300

Fixed cost is $300.

7 0

3 years ago

Economic stability is a benefit of technological advances. Please select the best answer from the choices provided T F.

musickatia [10]

Economic stability is an economy where there is consistent output growth and stable and low inflation growth. Advanced technology is the key to the economic stability of a country and its development.

<h3>What are the advantages of a stable economic condition?</h3>

Economic stability also contributes to the stability of all macroeconomic factors, such as increased production, improved efficiency, and a lower unemployment rate. Through technology and innovation, the overall standard of living of citizens improves as productivity increases, resulting in better goods and services.

Many techniques, such as inflation control, new job opportunities, stabilizing the currency rate, and many more, to maintain the stability of the economy. A stable economy encourages investment, creates consumer confidence, and helps in stimulating business growth and results in the overall economic development of a country.

It is therefore true that technological advances are beneficial for economic stability because they help to improve the living standards of citizens due to stable employment opportunities, resulting in a stable income for individuals.

For more details on economic stability, visit the below link:

brainly.com/question/27187018

5 0

2 years ago

Read 2 more answers

A subsidiary has previously unreported brand names valued at $50 million at the date of acquisition. The brand names have an ind

Damm [24]

Answer:

$38 million.

Explanation:

From the question, we are given the following data or information;

A subsidiary has previously unreported brand names valued = $50 million at the date of acquisition.

Impairment testing reveals that the brand names were impaired by $5 million in the first year.

Impairment testing reveals that the brand names were impaired by $7 million in the second year.

Therefore, Eliminating entry (E) will include a(n):

=> $(50 - 5 - 7) million = $38 million.

4 0

2 years ago

Delaney company is considering replacing equipment which originally cost $600,000 and which has $420,000 accumulated depreciatio

Gelneren [198K]

From the given original cost and the total accumulated depreciation of the old equipment, it can be seen that the value of the equipment should still be $180,000.
salvage value = $600,000 - $420,000 = $180,000
Given that it can be sold for only $18,000, the sunken cost is $162,000.
sunken cost = $180,000 - $18,000 = $162,000

7 0

3 years ago

Using 3-5 sentences drescribe the broiler chicken production process to someone who feels broiler chickens are produced inhumane

DanielleElmas [232]

Answer:

Broiler chicken are produced from fertile eggs which is different from the table eggs (which are sterile) by hatchery. The fertile eggs are incubated in an incubator which hatch the chick from the eggs. The chicks are fed for seven to nine months to attain market table weight of approximately four pounds.

The broiler chicken are produced in a liter system under a dwarf Wall with wire house, that is chicken are in a crowned house. This system is effective and cost efficient.

3 0

3 years ago